Enterprise partnership lands top five spot

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Sheffield City Region’s Local Enterprise Partnership has been named one of the top five in the country when it comes to its plans for attracting foreign direct investment.

But the LEP faces an uphill battle in overcoming the region’s deficiencies as a location for foreign investment, according to the specialist publication FDI Magazine.

The magazine invited a team of investment analysts and other experts to assess the performance of the 39 LEPs that have replaced the Regional Development Agencies.

It also asked them to look at the attractiveness of the locations they represent.

The experts put the Sheffield LEP in fifth place, behind Liverpool, but ahead of Manchester, Birmingham, Nottingham and Leeds, for its strategies for attracting investment.

But the city region didn’t even make it into the Top 20 for attractions.

“There are weak locations that have potentially good LEPs as well as attractive locations with weak LEPs, says FDI Magazine, which is a division of the Financial Times.